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Income Tax - Highlights / Catch Notes

Home Highlights July 2021 Year 2021 This

Disallowance of keyman insurance policy of the director of the ...

Case Laws     Income Tax

July 21, 2021

Disallowance of keyman insurance policy of the director of the company paid - The premium paid for keyman insurance policy is allowable to the assessee u/s. 37(1) of the Act. Similarly insurance premium of the employee is also allowable to the assessee u/s. 37(1). - AT

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